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With esports being such a huge industry in Asia, services like Twitch have become very popular in places like South Korea. However, due to rising operating costs, Twitch, the biggest games streaming platform, is now pulling out of the country. Twitch has officially declared its decision to terminate its services in South Korea by February. … ....
The report stated that interest rate hikes, tightened liquidity, inflation, changes in taxation, and concerns about an imminent recession are some of the reasons for the dip in investments in the online gaming segment. ....
Esports organisations such as S8UL, Revenant Esports, GodLike Esports, Orangutan Gaming and Global Esports have leased out swanky bungalows to build gaming houses or boot camps to house the top esports athletes of their teams. ....
Five major international esports events are set to take place in Chengdu, Southwest China s Sichuan Province in December as China s esports sector opens a new chapter of globalization ushered in by the Hangzhou Asian Games. ....
The National Assembly is currently discussing providing tax breaks to companies hosting esports events in Korea. This follows the recent League of Legends (LoL) World Championship in Seoul, which reportedly generated hundreds of billions of won in economic benefits. ....